I spent today watching college entrepreneurs give elevator pitches to potential investors. After watching business ideas all day, I have a few observations:
- Funding is not a rare commodity, but validated, vetted business ideas are.
- It’s vitally important to know the pain you鸿运彩票新版’re solving for you鸿运彩票新版r customers. If you鸿运彩票新版 can talk to them, do it. If you鸿运彩票新版 feel the pain, make sure you鸿运彩票新版’re not the only one.
- Scale, and you鸿运彩票新版r ability to multiply a business model to scale, matter a lot.
- Huge dreams are okay, but only if you鸿运彩票新版 can prove you鸿运彩票新版 have the ability to execute on them. How do you鸿运彩票新版 prove this? Partner with credible people who bring high-level skills to you鸿运彩票新版r team. If you鸿运彩票新版r idea is stupid, but you鸿运彩票新版’ve been able to talk five PhD-level experts into leaving their jobs to join you鸿运彩票新版r team, I will take a hard look at it.
The talented student entrepreneurs I saw today encouraged me about the future, and reminded me that taking public steps toward you鸿运彩票新版r dreams is a great way to get closer to success.
What are some of the best and worst pitches you鸿运彩票新版’ve seen?